The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-26

all other railroad companies, 10 experiencing
good deal of trouble to furnish the cars required
to handle their business although they have IN
the last year considerably increaSsd their freight
equipment
NJ. f. Ingalls, president OF the c.. l.. st. L. q
G.. yesterday introduced George Bender as the
new superintendent Of the road when he stepped
on to the train to accompany the inspection party
to Chicago
There was never a time in the history OF rail-
roads, at least since competition has been so
great that there was SO little said about lower
rates III shippers now get cars they say
nothing abont the former matter.
H. W. Hubbard, general freight agent of the
Vandaiia. spent yesterday in the city. He says
the only thing that troubles him is how to get
cars TO fill the orders which are pouring in on
all sides and for all description of cars.
T. A. Morris. Of this city, who reelected q
director of the c. l., ST. L. & g. road Yesterday.
c. thirty-six years. being elected to that position
when the road was built from Greensburg to In
dianapolis.
The Western Union now has exclusive con-
city of New York, which includes the exclusive
service or the operators. trainmen. office facili-
ties transportation of men and material and
privileges of all kinds.
e. c. Upbam, for many wears chief engineer
of tho Chicago. Burlington & Northern railroad.
at Minneapolis. has been appointed superintend-
emit of the Illinois lines of the Chicago. Burline-
Ton & Quincy. with headquarters at Galesburg,
Ill he will assume his duties oday.
The parlor ear which the Vandalia and the c.,
Fl. & ID. are running jointly between st. Louis
and Cincinnati is not paying institution. and
will come off on the first of the month and in
its stead, between Indianapolis and Cincinnati.
combination smoking and baggage car will be
PENNSYLVANIA railroad earnings Zines east of
Pittsburg and Erie) for September show a de-
crease of SOS. $40 in net earnings compared with
Sentember. 1886. The earnings for the nine
months of 1887 show increase of 81, 151, 1874 in
net earnings, compared with the same period of
1886
The c., l.. St L. & C. will within the next
few months increase their side-track room at
indianapolis some Eve miles. utilizing the
twenty six acres they purchased some years ago
east of the city on which erect shops. and the
ground they own near the North street station
for that purpose.
A scarcity of live stock cars is likely to inter
fere with the prompt movement OF tho hog crop
and cattle this fall. A large number of stock
cars have been taken to hanl coal 10. and many
of them are standing side tracks az country
stations, and on city side-tracks as well. and are
being used az storehouses
The Indiana division of tho Yardmasters' As
ISOLATION Of the United States and Canada will,
at an carly day. hold meeting to take action to
second the movement made by the master car
builders TO introduce all roads a self-car-
coupler, and make tho switchmen's and the
brakemen's work less hazardous.
Expressmen report business to be heavy with
them beyond parallel this fall. moro heavy goods
being shipped oy express than usual. There is
really no better pulse of business than is found
in the volume Of traffic the railroads and express
companies are doing. When they are prosperous
all other branches of business prosper.
What is known the Dowd syndicate. which
owns the l., n. A. e. c. road, have been making
inquiries about the C., q. & D. road and endeav-
oring ascertain where the bulk of the collater-
ais that II. S. Ives hypothecatedare. and this has
led to a belief that this syndicate has some idea
OF gathering in the property should circum
stances favor their doing. That thew have
ample capital SO to Go strengthens the belief
that the syndicate has the matter under sid
GRAFTON.
G. E. Boyle. who lately resigned as train
master of the Lake Erie & Western to accent a
similar position on the Cairo & Vincennes road,
it is stated has, after looking the field over. de-
cided not to that road, but will succeed
George Bender superintendent of the l., d.
q 5. road Although be is a very capable man
and fully competent to fill the position the APP
po;ntment will be quite surprise, as the under
standing has been for some days past that the
chief train dispatcher of tho l.. ID. g. S. was to
be promoted to the superntendency.
The Pennsylvania inspection party yesterday
morning started southwark over the J.. Nj. e
l road, after giving the improvement ts the Union
Railway Company are making a careful inspec-
ton. All expressed themselves surprised at
the magnitude of the improvement, and the sub
done was favorably commented upon.
number of railroad and capital
than those of the PENNSYLVANIA people, accom-
pany the inspection party, some of whom had
never visited Indianapolis before. and they were
greatly surprised over the size of Indianapolis,
It's extensive railroad facilities and tho signs of
healthy, thrifty growth visible on all sides.
The l.. B. & w. reorganization scheme is said
to again be moving along smoothly, and it 10
now expected that the matter will reach settle
ment about Jan. ]. The l.. B. e. W. reorganiza-
ton contemplates a total capital stock Of $32,
825 600. made up follows: S24 253. 300 of L., B.
& W. securities, including $10 900, 900 of stock,
So, 900, 900 OF bonds and stock of the Columbus,
Springfield e Cincinnati. and ST. 404, 600 of Gin
cinnati, Sandusky e Cleveland securities. I'm
der the plan proposed the following will DO is
sued: $12. 800, 900 first mortgage per cont fifty
year gold bonds, So O00 900 per cent ffty-year
gold bonds. So 325, 900 of per cent. non-cumu-
lative preferred stock. and $40. 900. 900 of COM
mon stock; total. 1872 1915, 000 First anc second
mortgages will call for 1925, 900 interest, and
this will be the only interest for which the COM
pany will be liable. The interest charges will
be reduced $82 $50. and about S343. 900 in annual
rentals will be saved Under reorganization
gross earnings are expected to increase mate
rally